How to Prevent Top-3 Tax Scams of 2017

tax scams

Don’t get caught in a scam! 

Tax scams come in all shapes and sizes. From phone calls to phishing emails, and even by your own tax preparer, criminals are continuing to find new ways to scam you out of your money and personal information. Tax-related scams can be particularly threatening because the information stolen is often used to commit more serious crimes such as tax identity theft

Follow us as we explore the top-3 tax scams to watch out for this year.  Continue reading

Combating Tax Identity Theft: The IRS and the Taxpayer

tax identity theft

Tax season, fraud, theft – oh my! 

Tax season is a notoriously stressful time. Between filling out the forms, paying taxes or waiting for refunds, the tax-filing process can seem endless.

What’s more concerning is that tax season is a holiday for identity thieves. Tax fraud and tax identity theft continue to be a significant problem for both the tax administration and American taxpayers alike. Whether it’s through data breaches, phishing emails, scams or simple social engineering tactics, criminals hope to obtain enough of your sensitive information so that they can fraudulently file your taxes before you do.

The Internal Revenue Service (IRS) has made great strides to improve its fraud and identity theft detection methods. Last year, the IRS caught 787,000 confirmed tax identity theft returns from entering its systems. But, fraudsters continue to find ways around these protocols, warranting increased vigilance on both the tax industry and the individual taxpayer. In short, criminals want your tax returns just as much as you do – and they’ll do anything they can to get them. Continue reading

IRS Data Breach Impacted More Taxpayers Than Initially Thought

IRS Data Breach Fighting Identity Crimes

Update Feb 29, 2016: On February 26, the Internal Revenue Service released a statement disclosing the findings of their nine-month long investigation into the compromise of their “Get Transcript” web feature.

The investigation revealed that cybercriminals accessed historical tax return documents, which included a plethora of personally identifiable information, from 720,000 individuals. Continue reading